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Search Results 0 to 49 of about 94 (some duplicates have been removed)
. >> this is n.b.r. >> tom: good evening. i'm tom hudson. president obama says he's open to new ideas, on raising government revenues, but elim
most from the presidential election: an answer. >> tom: i'm tom hudson. meantime, with the election expected to be close, and the fiscal cliff fast approaching, how republicans and democrats interpret the election results will set the tone for the talks. >> susie: and a double whammy fopeople in new york and new jersey: another storm takes aim at the region, as sandy's recovery slogs on, and the hunt for fuel heats up. >> tom: that and more tonight on "n.b.r."! >> susie: the u.s. presidential election is just one day away, and that was the hot topic here on wall street. but investors were still cautious about making major moves ahead of the election, so stocks posted just modest gains, and trading volume was light. the dow rose 19 points, the nasdaq added 17, and the s&p up three points. but, where stocks go from here may depend on who wins the white house tomorrow night. suzanne pratt reports. >> reporter: wall street is hardly back to normal, with reminders of hurricane sandy still obvious everywhere. but, at least the presidential election could provide a distraction for those co
than $4 billion for damage caused by the "deepwater horizon" oil spill. >> tom: i'm tom hudson. china makes its once-a-decade leadership change just as the chinese economy faces pressure from outside and in. >> susie: and the fiscal cliff isn't the only uncertainty for c.e.o.s. the future of financial regulations with the c.e.o. of florida-based bank united. >> tom: that and more tonight on nbr! $4.5 billion and guilty pleas to charges of manslaughter and lying to congress. that was the admission today from b.p. two and a half years after the "deepwater horizon" disaster in the gulf of mexico. that disaster killed 11 people and led to the worst oil spill in u.s. history. inits guilty ple b.p. saidt deeply regrets the loss of life and almost five million barrels of oil that into the gulf. darren gersh reports. >> reporter: justice department officials hope today's settlement and criminal pleas will bring justice to the families of the men who died when the "deepwater horizon" exploded. >> perhaps the greatest tragedy is that the deaths of the 11 men on board the "deepwater horizon" cou
captioning sponsored by wpbt >> this is n.b.r. >> tom: good evening. i'm tom hudson. susie is off tonight. almost half of the country is expected to shop this weekend. from big box retailers to big discounters and shopping malls, americans hit the stores in search of black friday bargains. the c.e.o. of macy's tells us for holiday shoppers the line between online and in-store is blurred like never before. and market monitor guest bernie schaeffer is making his list. we'll tell you what he's buying now. that and more tonight on "n.b.r." we begin with what has become the un-official post- thanksgiving past-time for many americans: shopping. the black friday doorbuster sales began earlier than ever. yesterday, in fact. but stores were busy with shoppers hunting for deals. holiday sales are expected to increase by about 4% this year, to more than $580 billion, according to the national retail federation. allison worrell kicks off out coverage of retail's big day. >> it's 5:30 in the morning at one of miami's most popular malls, and while it may look tame now, but this is the calm befo
. where are you going? >> this is n.b.r. >> tom: i'm tom hudson. top democrats and republicans express optimism on avoiding the fiscal cliff after meeting at the white house. today.
. >> tom: i'm tom hudson. automakers go green. general motors' unveils its newest all-electric chevy spark. >> susie: and what would you do if you won powerball? some advice tonight on how to handle winning $550 million. >> tom: that and more tonight on "n.b.r." >> susie: a parade of business leaders in washington today to persuade president obama and congress to avoid the fiscal cliff. with just 33 days left to nail down a deal, c.e.o.s made the rounds to explain to lawmakers that because of cliff gridlock, they're holding back on hiring and spending. as darren gersh reports, c.e.o.s weren't the only ones campaigning hard today. >> reporter: the president and republicans focused today on staging events designed to pressure the other side. the president called on americans to tweet, facebook and call members of congress to tell them to pass tax cuts for everyone making less that $250,000 a year. >> 97% of small businesses would not see their income tax go up by a single dime. even the wealthiest americans would still get a tax cut on the first $250,000 of their income. >> reporter: the spe
>> this is nbr. captioning sponsored by wpbt >> tom: good evening. i'm tom hudson. millions remain in the dark tonight, gasoline is running short in new jersey, and traveling around new york remains a nightmare. >> susie: i'm susie gharib. investors kick off november with a rally. stocks surge thanks to good news on jobs and consumer confidence. >> tom: and a new number two at ford motor company. mark fields will lead daily operations. >> susie: that and more tonight on nbr! >> tom: u.s. markets turned their attention back to the economy today; investors and traders liked what they heard. americans are feeling the most optimistic they have been in nearly five years about their finances and the outlook for the economy. the conference board's confidence index jumped to a reading of 72.2 last month. driving that gain, an improving job market. new ai for unemployment insurance fell by 9,000 in the past week to 363,000, showing modest improvement in the jobs picture. we'll have more on jobs in a moment. as for stocks, the dow gained 136 points, the nasdaq was up 42, the s&p adding 15. >
>> this is nbr. captioning sponsored by wpbt >> tom: good evening. i'm tom hudson. with the presidential race down to the wire, i'm reporting tonight from a polling place in the swing state of florida, where it's the economy and healthcare bringing out voters. >> susie: i'm susie gharib. we'll also hear from voters in virginia, wisconsin and new jersey. but whoever wins the white house, he will need to solve one of the biggest problems facing the country, the fiscal cliff. we'll have all that and more tonight on nbr! election day is finally here, and americans across the country stood in long lines to vote for the next president of the united states. on wall street, stocks rallied ahead of the election results. there were no big headlines for investors to react to, but the presidential election is expected to lift a cloud of uncertainty that has been weighing on investors. by the close, the dow surged 133 points, the nasdaq rose 12, and the s&p added 11 pois. polls show that president obama and governor romney are in a tight race. ultimately, voters in a few key st
a massive selloff on wall street as investors worry about the status quo in washington. >> tom: i'm tom hudson. the election is over but the fiscal cliff, is just eight weeks away, and it will play into every decision the president makes until january first. >> susie: and the fiscal cliff is a big worry for business leaders. the c.e.o. of caesars entertainment, tells us it'll be "very damaging" for his company. >> tom: that and more tonight on "n.b.r."! wall street greeted the election results with a big sell-off in stocks. investors dumped shares of almost every type, giving the s&p 500 it's worst day since june. beyond the u.s. elections, europe also brought fresh worries for investors with concerns in greece, and germany. here's how the numbers stacked up on wall street. the dow lost 312 points, at it's worst point of the day, the blue chip index was down 369 points. the nasdaq tumbled nearly 75 points and the s&p 500 off 33. suzanne pratt takes a look at where the market goes from here. >> reporter: let's be candid. this is not the election outcome that wall street wanted to see. af
>> this is nbr. captioning sponsored by wpbt >> tom: good evening. i'm tom hudson. susie is on assignment tonight. a repeated warning to washington-- if the u.s. goes over the fiscal cliff, it would push the economy into a recession. and late today, a top credit rating agency puts the odds of going off the cliff at 15%. plus, how g.o.p. economic policies could change as election day demographics change. that and more tonight on nbr! the u.s. economy would be driven into recession next year if the fiscal cliff is not solved in time. that's the warning again today from the congressional budget office. and the standard and poor's ratings agency said there's an increasing chance we will go over that cliff of tax increases and spending cuts. it puts the odds at 15%. still, s&p is optimistic about a solution, saying "the most likely scenario, in our view, is that policymakers reach sufficient political compromise in time to avoid most, if not all, potential economic effects of the cliff." both s&p and the congressional budget office warned unemployment would go over 9% by the e
access group at wgbh access.wgbh.org i'm tom hudson with an nbr news >> join us anytime at nbr.com. there, you'll find full episodes of the program, complete show transcripts and all the market stats. also follows us on our facebook page at bizrpt. and on twitter @bizrpt.
's to u.s. lawmakers: avert the fiscal cliff, or risk a credit downgrade. >> tom: i'm tom hudson. we're going global with legendary investor mark mobius, franklin templeton's top strategist on the state of emerging marketnow. >> susie: and picture this: the u.s. is just a few years away from being the world's top oil producer, and self-sufficient. we'll tell you who's making that prediction, and investment strategies for your portfolio. >> tom: that and more tonight on "n.b.r."! >> susie: the u.s.'s top-notch credit rating is at risk. that's the warning today from moody's investor's service. the ratings agency told u.s. lawmakers that when it comes to the fiscal cliff, the time to act is now, not next year. moody's said if action on averting the cliff is delayed until 2013, it might downgrade the stellar credit rating on u.s. debt. right now moody's has a negative outlook on the u.s. economy. worries about a fiscal freefall, kept wall street stocks in check: the dow and nasdaq fell a fraction, while the s&p was up a fraction. american businesses are not only concerned about the fisca
>> this is n.b.r. >> tom: good evening. i'm tom hudson. president obama says he's open to new ideas, on raising government revenues, but eliminating tax deductions for the rich doesn't go far enough. >> susie: i'm susie gharib. stocks slide to four-month lows, on worries that a fiscal cliff deal is a still a long way off. >> tom: and with a national health care insurance overhaul underway, a company's share of health insurance has risen at its smallest pace in a decade. >> susie: that and more tonight on "n.b.r."! >> tom: with 47 days left for president obama and congress to agree on avoiding a combination of higher taxes and government spending cuts, the president today said he won't extend tax cuts for people who don't need them. that hard line came during a white house press conference just as a negotiations with republican leaders get underway to avoid the fiscal cliff. as darren gersh reports from washington, even before republicans and democrats sit down to talk on friday, both sides are laying down markers. >> reporter: just two days before he meets with congressional leaders
>> this is n.b.r. >> tom: i'm tom hudson. top democrats and republicans express optimism on avoiding the fiscal cliff after meeting at the white house. today. >> susie: i'm susie gharib. two big banks agree to pay millions of dollars over mortgage bonds gone bad. >> tom: and could it be the end of the twinkie? hostess brands shuts down after 85 years. the company blames a labor union strike. >> susie: that and more tonight on n.b.r.! >> susie: so far so good on the fiscal cliff. president obama and congressional leaders got off to a good start in their first round of negotiations. the president met with congressional leaders who emerged later to say they want to move quickly to prevent automatic spending cuts and tax increases from tanking the economy at the first of the year. but as darren gersh reports, what we are not yet clear about is whether either side is willing to give up enough to get the job done. >> reporter: in washington, they think carefully about the pictures they want to present to the public so this mattered. all four congressional leaders-- democrats an
'm tom hudson. good news on the home front. home sales, and prices move higher. can housing help pick up the pace of the economy? >> susie: and with more stores opening on thanksgiving than ever before, will more shopping hours add up to bigger profits? >> tom: that and more tonight on "n.b.r."! >> susie: "optimism" was the word of the day here on wall street. investors were feeling encouraged that fiscal cliff negotiations in washington are making progress. that led to a powerful rally today, continuing the momentum from friday after that white house meetingetweenredent obama, and congressional leaders. stocks rallied right from the opening bell: the dow surged 207 points, the nasdaq jumped nearly 63, and the s&p 500 rose 27. >> tom: those hopes about a fiscal cliff deal may be good enough for stock traders today, but is the economy in a position to deal with whatever solution politicians may hammer out? it's expected that the fiscal fix will involve tax hikes of some sort, and spending cuts as well. we spoke with economist dean baker from the center for economic and policy research, an
Search Results 0 to 49 of about 94 (some duplicates have been removed)